Euro’s speed is winning

Euro area takes decisions on fiscal stimulus faster than the USA

The EUR/USD bears are giving in amid several negative factors for the US dollar. Senate democrats a rescue package designed to blunt the economic slowdown resulted from coronavirus outbreak. Analysts forecast a drop in US employment and GDP performance. Investors speculate about the possibilities of the FX interventions, and the Fed has managed to dampen increased demand for the dollar using swap-lines. The situation has been fueled by Germany’s willingness to provide assistance. Germany is planning a supplementary budget of €156 billion and an emergency fund of €500 billion to provide…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>